Newity Secures $11M to Bridge Small Business Lending and Blockchain
Fintech platform Newity has raised $11 million in a strategic funding round led by CMT Digital, marking its first capital raise since its 2020 founding. The company, which initially supported businesses through the Paycheck Protection Program, now focuses on SBA 7(a) loans and growth financing. Its AI-driven underwriting platform processes applications in minutes, with funding timelines averaging three weeks.
Newity has facilitated over $12 billion in financing for 125,000 businesses, highlighting the demand for faster alternatives to traditional banking. The small business sector faces a $350 billion annual funding gap—a problem blockchain and tokenized credit markets aim to solve. Analysts project significant growth for onchain lending and real-world asset (RWA) financing by 2026.
The funding will accelerate Newity's exploration of blockchain infrastructure for lending. This MOVE aligns with broader industry trends where fintechs blend AI, automation, and decentralized rails to modernize capital access.